Monday, February 13, 2006

More money for the drain

In a story I always find tinged with sadness, Korea announces about US$9 billion in government funding for R&D, particularly in the biotech sector. The times story linked to refers a lot to Korea's "biotech ranking" internationally. Perhaps its a tired subject, but it always dismaying to worry about its ranking without any question of "why" such a ranking is a problem. I should add as well, in my opinion if Korea wants to get more competitive they should reform its patent system and corporate R&D policies so as the actual inventor gets more than "I invented something that made LG millions and all I got was this lousy T-shirt" gear.


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